Ex-Hedge Fund CEO Defeats Senate Democrat in Pennsylvania (1)

Republican David McCormick defeated Democratic Senator Bob Casey in Pennsylvania, according to the Associated Press, marking an upset that saw a former CEO of a hedge fund giant trounce a scion of a political dynasty in a year defined by appeals to the working class.

McCormick’s victory effectively gives Wall Street a Senate seat ahead of major battles in Congress next year over expiring Trump-era tax cuts and extending the federal debt limit. The win, which is being contested by Casey’s team, also underscores how GOP’s electoral fortunes are surging in this closely divided swing state.

“This race is ...